France: Ghee Market 2024

Ghee Market Size in France

In 2022, the French ghee market increased by 397% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ghee Production in France

In value terms, ghee production amounted to $X in 2022 estimated in export price. In general, production showed a precipitous decline. The growth pace was the most rapid in 2017 with a decrease of 99.9%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ghee Exports

Exports from France

In 2022, the amount of ghee exported from France dropped rapidly to X tons, which is down by -17.1% on the previous year. Over the period under review, exports saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 48% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, ghee exports skyrocketed to $X in 2022. In general, total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.0% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 51%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), the Netherlands (X tons) and Italy (X tons) were the main destinations of ghee exports from France, with a combined 57% share of total exports. Saudi Arabia, Germany, Egypt, Spain, Jordan, Taiwan (Chinese) and Greece lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +6.8%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Saudi Arabia ($X) constituted the largest markets for ghee exported from France worldwide, together comprising 57% of total exports. Italy, Germany, Egypt, Spain, Greece, Jordan and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 35%.

Taiwan (Chinese), with a CAGR of +12.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ghee export price stood at $X per ton in 2022, increasing by 42% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ghee export price increased by +61.5% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 48%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Greece ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Germany ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into France

In 2022, purchases abroad of ghee increased by 29% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ghee imports soared to $X in 2022. Overall, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and the UK (X tons) were the main suppliers of ghee imports to France, together accounting for 59% of total imports. New Zealand, Germany, Spain, Denmark and Ireland lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +39.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and the UK ($X) constituted the largest ghee suppliers to France, together accounting for 61% of total imports. Germany, Spain, New Zealand, Denmark and Ireland lagged somewhat behind, together comprising a further 37%.

Ireland, with a CAGR of +50.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ghee import price amounted to $X per ton, picking up by 40% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ghee import price increased by +58.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 62%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Spain ($X per ton), while the price for New Zealand ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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